Comprehensive Technical Analysis of MANTRA (OM) as of July 20, 2025

1. Macro Price Structure and Trend Overview

Long-Term:

• The chart shows that since late April, OM has been in a marked downtrend, with a peak near $0.55, followed by a steady decline to a bottom around $0.19 on June 22.
• Recovery/Bounce: After hitting $0.19, the price has been carving out a rounded bottom and showing higher lows and higher highs, particularly visible from late June through July.
• Recent Surge: In the last 24 hours, volume has exploded and price has surged from ~$0.23–0.24 to $0.32+, a massive intraday move, strongly breaking above recent resistance zones.

2. Key Support and Resistance Levels

• Resistance (broken, now support): $0.26 (previous key level), $0.29–0.30, $0.32 (just broken).
• Next Resistance: $0.33 (minor), $0.35 (local swing high from early June), $0.38, then $0.42.
• Support: $0.29–0.30 (former resistance from the last bounce/high-vol zone), then $0.27, $0.25.

3. Volume and Liquidity Analysis

• The recent rally from $0.24 to $0.32+ has occurred on extremely high volume—over 550M tokens vs. recent averages of 20–110M. This surge in volume is highly indicative of a shift in market structure, likely caused by new buying interest or a major short squeeze.

4. Price Action/Pattern Study

• Rounded Bottom Formation: The pronounced base-building from $0.19 to $0.24 through late June/early July suggests accumulation after a capitulation event.
• Breakaway Candle: The strong green candle in the last daily bar, closing at high and on volume, is a classic breakout pattern that suggests more momentum may follow.
• No Significant Upper Wicks: Indicates little selling pressure at the highs.

5. Moving Average Crossovers

• Short-Term (10/20 EMA): At today’s levels, the price is far above likely short EMAs, confirming a breakout and momentum shift.
• Medium-Term (50 EMA): Not explicitly given, but visual extrapolation aligns the 50 EMA near $0.27–0.29, which the price has cleanly broken above. This signals a trend change from bearish to bullish short/medium term.

6. RSI and Momentum (Inferred)

• Given the vertical move, RSI will likely be in or near the overbought zone (>70). This does not always imply an imminent reversal; strong trends can stay overbought for extended periods, especially during a breakout event.

7. Fibonacci Levels (Drawn from April High $0.55 to June Low $0.19)

• 0.236 Fib: ~$0.261, 0.382 Fib: ~$0.313, 0.5 Fib: ~$0.372, 0.618 Fib: ~$0.43.
• The current price surge has just pierced the 0.382 retracement, making $0.372 (0.5 Fib) the likely next technical target.

8. Orderbook/Volume Profile

• The huge volume node at the current breakout level ($0.31–$0.32) suggests a new area of value is being established. If the price holds above $0.32 for a 4H close, a new range is likely between $0.32–$0.38.

9. Elliott Wave Impulse Structure

• The move from $0.23 up to $0.32+ appears to be the ‘Wave 3’ of an impulsive recovery, with the next corrective (Wave 4) potentially testing support at $0.30, then final extension (Wave 5) possibly reaching $0.37–$0.40.

10. Volatility Analysis (ATR, Visual)

• ATR (Average True Range) has spiked, indicating increased volatility. These bursts tend to resolve in the direction of the breakout, but risk of short-term pullbacks increases.

11. Sentiment & Potential Catalysts (Contextual)

• Sudden, high-volume moves are rarely random—could be driven by fundamental news (partnership/listing, etc.) or market-wide shifts. This increases probability of follow-through buying in the next 12–24h.

12. Risk/Reward and Trade Structure

• Entry after a strong breakout is optimal on a minor retracement to the new support at $0.315–$0.32. Buying strength into further highs is possible, but more aggressive.
• Profit-Taking: With the next daily resistance at $0.37–$0.38 (major swing high and 50% Fib), that is a realistic 24h target zone.
• Invalidation: A close below $0.30 would invalidate the breakout-thesis and require reassessment.

13. Summary Table

Technique	Signal	Implication
Trend Analysis	Major breakout	Bullish, start of uptrend
Volume	Record spike	Institutional or momentum buying
Resistance/Support	Broke resistance	Former resistance becomes support
Moving Averages	Cleared 20/50 MA	Confirmed momentum
Fibonacci	Next at $0.372	Likely continuation to next fib target
Elliott Wave	Impulse in play	Final burst possible to $0.38+
Volatility (ATR)	Spike	Strong move, but short-term volatility risk

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Conclusion:

• The collective evidence is overwhelmingly bullish in the 24h window. Price has decisively broken out of a long base, on record volume, with no signs of distribution at the highs. Odds favor a measured further advance toward the $0.37 region.

Recommendation: Buy (Long Position).

• Optimal Buy Entry: $0.318–$0.322 (slight retrace to prior resistance, now support).
• Profit Target: $0.372 (first major daily resistance/Fib level).
• Stop Loss (not required per question but advisable): $0.299 (below the breakout structure).